PSA Today Sept 21: What a strong week / Foreign selling accelerates / Aug CPI strong / Tesla's Model 3 / Nexon's good week – Nikkei +0.82%
Japan Market Comment by Pelham Smithers and Thao NguyenNikkei ¥23,869.93 (+¥195.00 / +0.82%); Topix ¥1,804.02 (+¥16.42 / +0.92%); ¥/$112.78
Tags: Murata (6981 JP), Alps (6770 JP), Nintendo (7974 JP), Capcom (9697 JP), Bandai Namco (7832 JP), Sosei (4565 JP), Daiichi Sankyo (4568 JP), Merck (MRK US), Eisai (4523 JP), Tesla (TSLA US), Panasonic (6752 JP), Nexon (3659 JP)
Main Points at a Glance
• Tokyo moves higher on back of US, weak yen
• Foreign selling accelerates
• August CPI +1.3% YoY
• Tesla Model 3 Production
• Nexon has a good week
Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods.
PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.
The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.
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